Proven in the land lease sector for fast turnaround turnkey solutions, Prospecta’s embedded networks present a low capital cost solution and high value proposition for village operators.
Embedded networks are not a new concept for retirement living – but Prospecta Utilities is taking the technology to a new level by opening the door to a suite of financially innovative and sustainable solutions that is winning land lease community and village operators (and residents).
With the cost-of-living crisis putting the financial squeeze on residents and operators, Prospecta Utilities is delivering significant savings and tech innovations.
Research shows that it is older Australians who are the most concerned about power prices – and it’s easy to see why.
Older people generally have fixed incomes and no control over their power costs or what they use – if they need the heating or air conditioning for example.
Utility costs keep on rising.
The solution?
An embedded network can provide big benefits for both residents and operators – at minimal cost to the operator and the business.
An embedded network is a private electricity network that serves multiple customers instead of relying on a traditional electricity provider. What’s more – it can be used for any utility – that includes both gas and water too.
This enables the operator the option to buy electricity in bulk and on-sell it to residents, often at a lower cost.
Why install an embedded network for your village residents?
While the savings vary from state to state, embedded networks can help to slash electricity bills for your residents – often between 20 and 40% off a traditional residential bill – even before solar is installed as an option.
This is because as a single group, residents can get access to a commercial rate that is much lower than the standard individual residential rate.
Simplifying this process, Prospecta has its own in-house centralised management system which removes hassle and saves on costs by offering the most cost-efficient pricing.
Through a custom-built digital platform, residents have quick and easy access to a variety of online features including payments, billing as well as notifications and alerts specific to their area.
What about the benefits to the operator?
Apart from offering a seamless one-stop-shop and a fantastic customer experience through a modern portal, there are multiple benefits and features operators can benefit from.
Integration of metering or data management is seamless. Yes, this means operators can integrate any device, new or old – Prospecta technology is completely agnostic to the many varied devices used by operators across their sites.
Easy billing and payment options keep the process hassle-free. Considering offering add-on services like internet or security? Prospecta can provide and even bill all of this for you.
The custom-built customer relationship management tool is fast-tracking positive customer relationships, helping operators record communication history and understand consumer trends, preferences and interactions.
Specialised reporting ensures operators are well equipped to make informed decisions, remaining focussed on optimisation and efficiency of future-ready operations.
Can an embedded network be retrofitted?
Embedded networks are often installed in new retirement village developments but until now, they have been seen as difficult to roll out in existing villages.
Prospecta is turning this challenge on its head.
Their embedded network solution is simple to install and easy to retrofit with no digging involved to set up the metering system.
Some operators will need to upgrade their meters to install the network – but Prospecta can advise on the right setup and the roll out can be easily completed within a couple of months.
A Prospecta representative can be on site within two business days to advise on the best option for your site.
The real benefit of Prospecta’s embedded networks however is unlocking access to its suite of energy infrastructure solutions to reduce costs and improve power reliability.
Private 5G
Prospecta also provides bespoke private 5G networks which will deliver super-fast Internet speeds and streamlines connectivity so your residents can access telehealth, wearables, and smart home technology on demand, which will be essential with increasing care delivered into the village home.
Proven in the new and established land lease sector for fast turnaround turnkey solutions, Prospecta presents a low capital cost solution and high value proposition for village operators.
Together, the Prospecta model provides an all-in-one renewable energy and communication infrastructure that will turbocharge your village today and into the future.